CAUTION: We have been advised that fraudulent emails with a modified domain name have been sent by a source purporting to be from Aird & Berlis LLP. These communications are not legitimate and are not from Aird & Berlis LLP. Disregard any such emails and do not engage with the sender or the email in any way. Please report the attempted fraud by contacting the Canadian Anti-Fraud Centre and by emailing Aird & Berlis LLP at help@airdberlis.com.

Back to all Representative Matters
Aug 26, 2016

Allied Properties Real Estate Investment Trust Completes $230 Million Public Equity Offering

Allied Properties Real Estate Investment Trust (“Allied”), a leading owner, manager and developer of urban office environments operating in Canada’s major cities, recently completed its $230 million public equity offering of units.

On August 19, 2016, Allied completed an offering of 6,089,250 units (inclusive of 794,250 units issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $37.80 per unit for gross proceeds of just over $230 million. Allied intends to use the net proceeds from this offering: (a) to fund the acquisition of three properties in Toronto previously announced on August 3, 2016; (b) to pay down the remaining balance on Allied’s unsecured line of credit; and (c) for ongoing development and general trust purposes.

Aird & Berlis LLP represented Allied with a team comprised of Margaret Nelligan, Sherri Altshuler, Anne Miatello, Melanie Cole, Daniel Everall and Amy Marcen-Gaudaur (corporate and securities),Mike Smith (real estate), and Barbara Worndl and Carol Burns (tax).

Areas of Expertise

Related Representative Matters

Representative Matters
Forest Gate Completes Acquisition of Two Toronto Properties Leonard Baranek, Ethan Eisen, Mistrale Lepage-Chouinard and Shannon Morris Nov 05, 2021 Forest Gate Advisors Inc. completed the acquisition of 189 Cedarvale Avenue and 4875 Dundas Stree... Forest Gate Advisors Inc. completed the acquisition of 189 Cedarvale Avenue and 4875 Dundas Street West. The Toronto-based properties collectively comprise 134 apartment units.
Representative Matters
Allied Properties REIT Completes $500 Million Green Bond Offering Margaret T. Nelligan, Sherri M. Altshuler, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Russell J. Sanders, Meredith McCann, Michael D. Smith, Ethan Eisen and Barbara Worndl Aug 06, 2021 Allied Properties Real Estate Investment Trust recently completed a $500 million debt offering of... Allied Properties Real Estate Investment Trust recently completed a $500 million debt offering of 3.095% series I senior unsecured debentures. The Series I Debentures are Allied’s second Green Bond issuance under its previously announced Green Financing Framework.
Representative Matters
Fengate Asset Management Completes Sale of its Legacy Portfolio Neill Kalvin Jun 22, 2021 Fengate Asset Management completed the sale of its legacy portfolio of industrial properties loca... Fengate Asset Management completed the sale of its legacy portfolio of industrial properties located across Hamilton, Burlington and Stoney Creek, Ontario.